Bouygues SA announced that Frédéric Gardès has informed the Board of Directors of Colas that the consequences for him of the contemplated delisting of Colas and of the change in the terms and conditions of the executive management of Colas, did not meet his personal expectations. Under these circumstances, he has tendered his resignation from his position as Chairman and Chief Executive Officer and from his mandate as Director. The Board of Directors of Colas acknowledged his resignation.

As part of Colas 's new governance structure, its Board of Directors, on the recommendation of the Selection and Remuneration Committee, has proceeded with the appointment, with immediate effect, of: Pascal Grangéas non-executive Chairman of the Board of Directors; and Pierre Vanstoflegatteas Chief Executive Officer. Following the appointment of Pascal Grangé as non-executive Chairman of the Board of Directors of Colas, Marie-Luce Godinot becomes Bouygues? permanent representative to the Board of Directors and will chair the Audit Committee of Colas.

Pierre Vanstoflegatte, 55, is a graduate of Ecole Polytechnique and Ecole des Mines de Paris; he held the positions of Chief Operating Officer, then Chairman of Bouygues Energies & Services from 2019 until his combination with Equans earlier this year. Pierre Vanstoflegatte has significantly improved Bouygues Energies & Services? performance in recent years, his extensive experience in the agency business, acquired both in France and internationally within Spie and Schindler.

In 2022, he led, in an exemplary performance, the detachment project of Bouygues Energies & Services and its combination with Equans, a company acquired by Bouygues in October 2022. As Chief Executive Officer of Colas, his mission will be to pursue the company?s development and improve cross-functionality with other Bouygues Group businesses, in particular Bouygues Construction and Equans. Pascal Grangé joined the Bouygues Group in 1986.

After a rich experience in the Bouygues Group, he was appointed Deputy Chief Executive Officer, Chief Financial Officer of Bouygues in October 2019. He has been Chief Operating Officer of Bouygues since February 2021. He has been a member of the Colas?

Board of Directors since February 18, 2020. Marie-Luce Godinot, is a graduate of École Polytechnique and École Nationale Supérieure des Télécommunications. She joined Bouygues Construction in 2001.

After several years within the Bouygues Group, she was appointed Deputy Chief Executive Officer in charge of Digital Transformation, Innovation and Sustainable Development at Bouygues Construction, before becoming Deputy Chief Executive Officer of the Bouygues Group in charge of Innovation, Sustainable Development and Information Systems.